DAVID LERNER

DLA, a full service brokerage firm registered with the Financial Industry Regulatory Authority ("FINRA"), was founded in 1975 by David Lerner, a former high school teacher. DLA has offices in Florida, New Jersey, New York and Connecticut. For many years, DLA marketed and solicited Apple REITs to retirees, fixed income investors and senior citizens. In fact, DLA was the principal underwriter of the SEC registered Apple REIT program which includes Apple REIT Six, Apple REIT Seven, Apple REIT Eight, Apple REIT Nine and Apple REIT Ten. Apple REITs are illiquid, non-listed investments which are not traded in a secondary market. In many cases, the risks associated with investing in REITs are not fully disclosed to investors. In addition to illiquidity risks, some investments allow only quarterly redemptions. And some non-listed REITs can deny redemption requests if too many investors want to redeem at once. For its role in underwriting and selling Apple REITs, DLA received an estimated $600..

Also known as: DLA

Primary location: Boca Raton United States